Fiat Currency Sucks (illustrated in 2 songs)

We keep hearing the word inflation in the news. People are also getting more concerned about the true rate of inflation, the increasing money supply, and the negative effects it is having on our economy, our pockets, and our eventual ability to retire.

I’m going to show you the devastating effects of inflation, and how flawed and sucky fiat currency is, in just 2 songs.

一百萬 by 黃一飛 (2001)

Back when I was a kid growing up in the 90s, being a millionaire was like the ultimate dream. Released in 2001, the song, 一百萬, literally translated to one million dollars. Lyrics in the song included, “If I had a million dollars, life would be so easy!”

It was the pinnacle of many people’s dreams. Back then, people believed that you were set for life if you were a millionaire.

Billionaire – Travie McCoy ft. Bruno Mars (2010)

Fast forward to 2010, and being a millionaire was no longer a viable retirement status. No, now, people aspire to be a billionaire.

Below is a chart showing the purchasing power of $1 over time. Not even that long a time horizon. Just 33 years, and the value of your money has more than halved.

This is daylight robbery by inflation (the subtle introduction of more money supply into the economy), and many people don’t even realize it.

Escape the fiat system, and opt into better assets.